Eynav Azaria Sells 7,412 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Eynav Azaria sold 7,412 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1.53, for a total value of $11,340.36. Following the transaction, the insider directly owned 2,275,726 shares of the company’s stock, valued at approximately $3,481,860.78. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eynav Azaria also recently made the following trade(s):

• On Wednesday, June 3rd, Eynav Azaria sold 435 shares of Kaltura stock. The shares were sold at an average price of $1.49, for a total value of $648.15.
• On Tuesday, May 5th, Eynav Azaria sold 869 shares of Kaltura stock. The stock was sold at an average price of $1.46, for a total value of $1,268.74.
• On Monday, May 4th, Eynav Azaria sold 17,671 shares of Kaltura stock. The stock was sold at an average price of $1.47, for a total value of $25,976.37.
• On Thursday, April 30th, Eynav Azaria sold 2,672 shares of Kaltura stock. The shares were sold at an average price of $1.40, for a total value of $3,740.80.
• On Wednesday, April 29th, Eynav Azaria sold 11,086 shares of Kaltura stock. The shares were sold at an average price of $1.45, for a total value of $16,074.70.
• On Tuesday, April 28th, Eynav Azaria sold 32,003 shares of Kaltura stock. The shares were sold at an average price of $1.46, for a total value of $46,724.38.

Kaltura Price Performance

Shares of Kaltura stock opened at $1.45 on Friday. Kaltura, Inc. has a fifty-two week low of $1.06 and a fifty-two week high of $2.26. The firm has a fifty day moving average price of $1.34 and a two-hundred day moving average price of $1.44. The company has a market cap of $218.05 million, a PE ratio of -14.50 and a beta of 1.14.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The firm had revenue of $44.63 million during the quarter, compared to the consensus estimate of $43.00 million.

Hedge Funds Weigh In On Kaltura

Large investors have recently modified their holdings of the business. Qube Research & Technologies Ltd acquired a new position in shares of Kaltura during the 2nd quarter worth about $28,000. BNP Paribas Financial Markets boosted its stake in shares of Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after buying an additional 7,184 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after buying an additional 15,052 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Kaltura during the 4th quarter worth about $38,000. Finally, NewEdge Advisors LLC acquired a new stake in Kaltura in the 2nd quarter valued at about $48,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on KLTR. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.00.

About Kaltura

Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.